Hyundai Motor doubles down on India with $5 billion investment
South Korean automaker Hyundai Motor will invest $5 billion to expand its manufacturing and research operations in India. This will help to increase Hyundai India's annual production by about a third to 1.1 million vehicles by 2030, and launch 26 cars, including its first hybrid model. Earlier, Tarun Garg was appointed as Hyundai India's first Indian MD and CEO.